Monday, April 27, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

City sets plan to dispose of property assets

You may recall in our recent discussions of redevelopment that one element that must be addressed is the disposition of assets owned by the former redevelopment agency.

These assets included housing-related assets such as real estate, as well as affordability covenants and agreements that are considered property or assets.

As permitted by state legislation, the city elected to transfer former redevelopment agency assets related to housing to the Fairfield Housing Authority as the designated “housing successor agency” in 2013. In accepting these assets, the housing authority also accepted significant new responsibilities related to asset management.

State legislation in 2013 addressed the operation of housing successor agencies such as the Fairfield Housing Authority. The legislation established goals and significant new reporting requirements for successor agencies. The legislation also clarified the mechanisms for funding agencies’ operations through revenues derived from the real estate portfolios.

Finally, the legislation also established a five-year time limit for housing successor agencies to either develop or dispose of the properties transferred to them through the redevelopment agency dissolution process. This clock began ticking for the Fairfield Housing Authority on April 2, 2013.

The City Council last Tuesday adopted a plan for managing the housing authority’s property assets: the Real Property Asset Management and Disposal Plan for Housing Authority Owned Properties.

This plan has been prepared to assist Fairfield in ensuring assets are used to satisfy local goals and state legislation. The plan includes an inventory of real property assets, the estimated market value of each property, a recommended marketing method and a timetable for disposition based on needs and goals.

This inventory identifies 17 sites totaling more than 95 acres. Key properties include Senior Manor on Jefferson Street, the former PACE neighborhood northeast of Solano Town Center mall, a site on Santa Monica Street, several small infill housing lots in downtown Fairfield, and a long narrow parcel abutting Highway 12 west of Pennsylvania Avenue. Some of these sites have affordable housing requirements in place and will be retained by the housing authority.

The plan concludes that the housing authority is not in a position to develop, through new construction, affordable housing on its own. This is not a new conclusion; the city of Fairfield and its redevelopment agency have long focused on working with private partners and preserving the existing stock of affordable single-family housing and apartments in the city through housing rehabilitation.

Because the housing authority can better meet its obligation to preserve, improve and increase affordable housing if it liquidates its real property assets and deposits the proceeds in a housing fund for ongoing first-time homebuyer and residential rehabilitation programs, the plan recommends the housing authority sell key sites with strong market value.

The plan recommends several methods to market the properties, such as sealed bids, a request for proposals/qualifications process, direct negotiations with a developer through a letter of interest process, the conventional real estate market, and the sale of suitable properties with entitlements already obtained by the city and in place. To assist in these sales, the city can assist with existing development fee credits. The plan focuses on marketing seven key sites:

  • PACE
  • Ray Venning (the former water treatment site off Woolner Avenue)
  • Santa Monica Street
  • Fairfield/Tabor
  • Great Jones Street
  • Empire Street
  • Highway 12

The plan recommends PACE and Ray Venning as “short-term” high-priority sales that can be completed within 24 months. Santa Monica Street and Fairfield/Tabor are “medium-term” sites, with the downtown sites having medium and long-term potential. Disposition of the downtown sites will await completion of the Downtown Specific Plan that will address community visions and goals for downtown. The Highway 12 site has significant constraints, including noise and environmental issues, which may make sale a longer-term goal.

Over the next three years, city staff may work with the local real estate community, developers and other interested parties able to assist in implementing the recommendations in the plan. This will help the city and the housing authority meet its obligations to improve and preserve affordable housing in the community and could also lead to attractive new developments on currently vacant sites in the heart of the community.

The full plan is available from Bryan Briggs at [email protected] or can be viewed on the city website at www.fairfield.ca.gov.

Economic Notes is an update from Fairfield City Hall written by Brian Miller and Karl Dumas of the Fairfield Planning and Development Department. Reach them at 428-7461 or email at [email protected] or [email protected]

Brian Miller and Karl Dumas

LEAVE A COMMENT

Discussion | 2 comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • The MisterApril 20, 2014 - 8:55 am

    And the money from these sales will go to pay off bonds and debt that the local people are on the hook for? Or will our "leaders" blow every possible cent?

    Reply | Report abusive comment
  • Rick WoodApril 21, 2014 - 12:59 am

    I fail to understand the connection between the Ray Venning site, which has been in the City's hands for a very long time, has anything to do with redevelopment. It was a waterworks for generations, I believe as a private venture before the City bought out the company. Certainly it's OK to sell the site, but the funds should all go to the City, not to the state or any other agency. But if that's not correct, maybe the DR can dig a little and enlighten us--me.

    Reply | Report abusive comment
.

Solano News

County action speeds Solano fairgrounds plan to next phase

By Kevin W. Green | From Page: A1 | Gallery

 
Vacaville eyes ban on medical marijuana grows

By Ryan McCarthy | From Page: A1

Paint the Town Purple; and Roxie

By Tony Wade | From Page: A2

 
White minister fought for civil rights in the south

By Amy Maginnis-Honey | From Page: A3 | Gallery

Farmers markets herald return of summer

By Susan Hiland | From Page: A3

 
City Coach hosts first block party

By Susan Hiland | From Page: A3

 
Bid Corderos Park, city staff recommends

By Ryan McCarthy | From Page: A3

Denim and Diamonds fundraiser set May 16

By Amy Maginnis-Honey | From Page: A4

 
Crash claims life of Concord teen

By Amy Maginnis-Honey | From Page: A4

Biz Buzz: NorthBay offers extended hours for primary care

By Kevin W. Green | From Page: B7 | Gallery

 
Biz Buzz: Retail store helps those with autism

By Susan Hiland | From Page: B7

Biz Buzz: Committee schedules contractors breakfast

By Kevin W. Green | From Page: B7

 
Biz Buzz: Budweiser kicks off new parks campaign

By Susan Hiland | From Page: B7

Biz Buzz: Dutch Bros. plans ALS fundraiser

By Susan Hiland | From Page: B7

 
Biz Buzz: Company schedules pasta class

By Susan Hiland | From Page: B7

 
.

US / World

Picture it: A 1,000-year exposure showing a changing Earth

By The Associated Press | From Page: A1

 
‘Batman’ killer studied brain disorders before mass murder

By The Associated Press | From Page: A5

Image from the quake: Heavy damage in Nepal ancient city

By The Associated Press | From Page: A5

 
Fighting rages in Yemen’s 3rd-largest city, strikes continue

By The Associated Press | From Page: A5

Mountaineers, guides stream from Everest after avalanche

By The Associated Press | From Page: A5

 
Putin accuses US of supporting separatists in Russia

By The Associated Press | From Page: A5

Death toll in Nepal quake rises to more than 3,200

By The Associated Press | From Page: A5

 
Late spring complicates already perilous amphibian migration

By The Associated Press | From Page: A5

 
Quake agony revealed quietly on trip from Nepal airport

By The Associated Press | From Page: A5

Corinthian Colleges to shut down all 28 remaining campuses

By The Associated Press | From Page: A5

 
No time to lose: Global response to Nepal quake gears up

By The Associated Press | From Page: A5

Japan’s prime minister goes to US to showcase close ties

By The Associated Press | From Page: A5

 
Israel says airstrike on Syrian border targeted militants

By The Associated Press | From Page: A5

Family, friends in Baltimore mourn death of arrested man

By The Associated Press | From Page: A5

 
.

Living

Today in history: Monday, April 27, 2015

By The Associated Press | From Page: A2

 
Community Calendar: April 27, 2015

By Susan Hiland | From Page: A2

Parenting: How to set boundaries on screen time

By The Washington Post | From Page: B5

 
Horoscope: April 28, 2015

By Holiday Mathis | From Page: B5

Horoscope: April 27, 2015

By Holiday Mathis | From Page: A7

 
My husband doesn’t want me to redecorate home he had with first wife

By Kathy Mitchell and Marcy Sugar | From Page: A7

.

Entertainment

TVGrid April 27

By Daily Republic Syndicated Content | From Page: B6

 
TVGrid April 28

By Daily Republic Syndicated Content | From Page: B7

.

Sports

Warriors confident after sweep of Pelicans

By The Associated Press | From Page: B1

 
Giants-Rockies game postponed by rain

By The Associated Press | From Page: B1

 
Motorcycle rider from Livermore killed in Nevada race

By The Associated Press | From Page: B2

Billy Andrade and Joe Durant win Legends of Golf

By The Associated Press | From Page: B2

 
Cavs sweep Celts as James scores 27 in 101-93 victory

By The Associated Press | From Page: B2

It’s here: Fight week begins with Pacquiao caravan to Vegas

By The Associated Press | From Page: B2

 
American Pharoah completes final pre-Kentucky Derby workout

By The Associated Press | From Page: B2

Newgarden claims first IndyCar Series win not far from home

By The Associated Press | From Page: B2

 
Justin Rose wins in New Orleans for 7th PGA Tour title

By The Associated Press | From Page: B2

Wall, Beal lead Wiz past Raptors 125-94 in Game 4 for sweep

By The Associated Press | From Page: B2

 
Paul, Clippers even series with 114-105 win over Spurs

By The Associated Press | From Page: B2

 
Ko wins Swinging Skirts for 2nd straight year

By The Associated Press | From Page: B2

.

Business

.

Obituaries

Kirk Noonan

By Nancy Green | From Page: A4, 1 Comment

 
Sandra King

By Nancy Green | From Page: A4

Janis Ruth (Sefzik) Skinner

By Nancy Green | From Page: A4

 
Elizabeth Cepeda

By Nancy Green | From Page: A4, 1 Comment

.

Comics

Frank and Ernest April 28

By Daily Republic Syndicated Content | From Page: B4

 
Wizard of Id April 28

By Daily Republic Syndicated Content | From Page: B4

Peanuts April 28

By Daily Republic Syndicated Content | From Page: B4

 
Baldo April 28

By Daily Republic Syndicated Content | From Page: B4

Garfield April 28

By Daily Republic Syndicated Content | From Page: B4

 
Beetle Bailey April 28

By Daily Republic Syndicated Content | From Page: B4

For Better or Worse April 28

By Daily Republic Syndicated Content | From Page: B4

 
Sally Forth April 28

By Daily Republic Syndicated Content | From Page: B4

Baby Blues April 28

By Daily Republic Syndicated Content | From Page: B4

 
Zits April 28

By Daily Republic Syndicated Content | From Page: B4

Pickles April 28

By Daily Republic Syndicated Content | From Page: B4

 
Rose is Rose April 28

By Daily Republic Syndicated Content | From Page: B4

Get Fuzzy April 28

By Daily Republic Syndicated Content | From Page: B4

 
Dilbert April 28

By Daily Republic Syndicated Content | From Page: B4

B.C. April 28

By Daily Republic Syndicated Content | From Page: B4

 
Blondie April 28

By Daily Republic Syndicated Content | From Page: B4

Sudoku April 28

By Daily Republic Syndicated Content | From Page: B5

 
Bridge April 28

By Daily Republic Syndicated Content | From Page: B5

Cryptoquote April 28

By Daily Republic Syndicated Content | From Page: B5

 
Word Sleuth April 28

By Daily Republic Syndicated Content | From Page: B5

Crossword April 28

By Daily Republic Syndicated Content | From Page: B5

 
Rose is Rose April 27

By Daily Republic Syndicated Content | From Page: A6

For Better or Worse April 27

By Daily Republic Syndicated Content | From Page: A6

 
Zits April 27

By Daily Republic Syndicated Content | From Page: A6

Frank and Ernest April 27

By Daily Republic Syndicated Content | From Page: A6

 
Peanuts April 27

By Daily Republic Syndicated Content | From Page: A6

Dilbert April 27

By Daily Republic Syndicated Content | From Page: A6

 
Baby Blues April 27

By Daily Republic Syndicated Content | From Page: A6

Sally Forth April 27

By Daily Republic Syndicated Content | From Page: A6

 
B.C. April 27

By Daily Republic Syndicated Content | From Page: A6

Garfield April 27

By Daily Republic Syndicated Content | From Page: A6

 
Beetle Bailey April 27

By Daily Republic Syndicated Content | From Page: A6

Blondie April 27

By Daily Republic Syndicated Content | From Page: A6

 
Get Fuzzy April 27

By Daily Republic Syndicated Content | From Page: A6

Pickles April 27

By Daily Republic Syndicated Content | From Page: A6

 
Wizard of Id April 27

By Daily Republic Syndicated Content | From Page: A6

Baldo April 27

By Daily Republic Syndicated Content | From Page: A6

 
Bridge April 27

By Daily Republic Syndicated Content | From Page: A7

Crossword April 27

By Daily Republic Syndicated Content | From Page: A7

 
Cryptoquote April 27

By Daily Republic Syndicated Content | From Page: A7

Word Sleuth April 27

By Daily Republic Syndicated Content | From Page: A7

 
Sudoku April 27

By Daily Republic Syndicated Content | From Page: A7